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Suppose for a perfectly competitive firm, at the current output level, ATC = $ 1 3 0 and AVC = 1 2 0 . The
Suppose for a perfectly competitive firm, at the current output level, ATC $ and AVC The market price level is $ Should the firm shut down or stay open in the short run? Explain your answer.
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In this scenario the perfectly competitive firm should shut down in the short run Heres why Decision ...
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
